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Economy Page 2
NewsBanking
Russia's August unsecured consumer lending accelerates as corporate credit grows
The Bank of Russia's September 22 release shows faster unsecured consumer borrowing, continued corporate credit expansion and a small fall in household deposits.
AnalysisEconomy
Russia's August growth estimate shows expansion without an industrial rebound
A September 30 ministry estimate points to modest GDP growth, while Rosstat's August production figures show why a broad recovery remains difficult to establish.
ExplainerBusiness
Russian industry: manufacturing, defense output and import substitution
Russia's factories face very different demand and financing conditions. Rosstat's production data, civilian output and government targets answer different questions about industrial capacity.
ExplainerEconomy
Russia's labor market: low unemployment, labor shortages and wages
Russia's low unemployment rate can coexist with industrial weakness and uneven living standards. The explanation lies in labor supply, state demand and the limits of the headline measure.
ExplainerBanking
Russia's banking system: major lenders, deposits and financial risks
Russia's banks connect household savings, corporate borrowing and state finance, while concentrated ownership and restricted international access shape the risks.
AnalysisBudget
Russia's budget draft relies on borrowing and additional tax revenue
The proposed 2027 to 2029 budget combines continued deficits with a fiscal-rule adjustment; the revenue assumptions and financing needs deserve separate scrutiny.
ExplainerEconomy
Russia's economic crises: 1998, 2008, 2014, 2020 and 2022 compared
Russia's major shocks differed in origin, financing conditions and policy response; annual data reveal their timing but do not make them equivalent.
ExplainerRuble
Russia's inflation history: from the 1990s to 2026
Russia's price history includes market transition, currency crises and renewed inflation, but comparing those episodes requires the same index and the right endpoints.
ExplainerBudget
Russia's federal budget explained: revenue, spending and deficits
Read the federal budget by separating tax receipts, spending commitments, financing and the assumptions behind each three-year plan.
ExplainerRuble
How the Bank of Russia sets its key rate and why it matters
The key rate influences credit, deposits and demand, but its effect on inflation depends on expectations, fiscal policy and the economy's ability to supply goods.
ExplainerEconomy
How Russia's economy works: resources, the state and the ruble
Russia's economy combines commodity exports, a large domestic service sector and an influential state; the links between them matter more than any single headline.